Thesis Gold Inc. announced initial assay results from the Bingo Zone at the Ranch Gold Project in British Columbia's Toodoggone mining district. These holes were drilled during the 2022 summer drill program and were designed to test the scale and scope of a new zone that the Company discovered in the spring of 2022. Highlights: Drill hole 22BNGDD009 returned a broad, 80.30 metre (m) interval of vuggy silica alteration including: 50.30 m core length of 1.86 grams per tonne gold (g/t Au).

A 12.00 m zone of no recovery within the 86.00 m interval of silicified andesite is attributed to the intensely altered and brittle nature of the andesitic volcanic rocks. Other zones on the project share similar characteristics and are often associated with elevated gold grades. Drill hole 22BNGDD008 contains numerous intervals of significant gold mineralization including: 18.72 m core length of 1.50 g/t Au containing a 5.46 m high-grade zone of 4.12 g/t Au.

Drilling at Bingo indicates steeply dipping zones of epithermal gold mineralization controlled by an interconnected fault network in the northwest most extent of the Thesis Structural Corridor. Drill results from 22BNGDD008 and 22BNGDD009 outline a mineralized strike-length of >200 m that remains open along strike and at depth. Assays are pending for additional drilling between Bingo and Thesis 3, where logged alteration and structural relationships associated with known gold mineralization suggest the zones are potentially linked.